Question
Duffy Dog Mills is a division of Iowa Woolen Products. For the most recent year, Duffy Dog had net income of $23,600,000. Included in income
Duffy Dog Mills is a division of Iowa Woolen Products. For the most recent year, Duffy Dog had net income of $23,600,000. Included in income was interest expense of $1,792,000. The operations tax rate is 35 percent. Total assets of Duffy Dog Mills are $300,800,000, current liabilities are $66,560,000, and $46,080,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Duffy Dog Mills. (Round ROI to 2 decimal places, e.g. 5.25%.)
NOPAT | $enter NOPAT in dollars rounded to 0 decimal places | ||
---|---|---|---|
Invested capital | $enter Invested capital in dollars rounded to 0 decimal places | ||
ROI | enter the return on investment in dollars rounded to 2 decimal places % |
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